the s.e.c.weeting that he's peeling back the layers of the corruption onion of the s.e.c. which was a great line, but he's saying he was forced into this settlement he's saying that his first amendment speech and activity is being chilled. it really begs the question, why is this escalation happening now? because the s.e.c. has been completely hands off during this entire process think about how many tweets there have been that would have violated this agreement. i was on this show a few months ago talking about hertz and the tesla partnership which shot the stocks of both companies up and then musk came out and said that there's no contract signed and then of course there's the big one that's kind of the central question when musk tweeted a poll on november 6th saying that he would be selling 10% of his shares if the crowds said yes then the shares fell 17% so, the s.e.c. has been so hands off that it makes no sense that musk is escalating right now. >> does it maybe speak to the importance and

and thus we really think the s.e.c.ight thing, protect investors and allow both of these product types in the market. >> so, when you say all options, is that include a lawsuit? what is the recourse for a company like yours if the s.e.c. does eventually reject, i don't want to say eventually, should they eventually reject the bid. >> there are certainly options to get into a -- into legal arguments around this. one of the most prevalent comment letters submitted now are around the gbtc conversion is a potential for a violation where a regulator is not looking at two like issues through the exact same lens. so come july, all options are on the table. but between now and that time, it is really important that all holders participate in this process. >> so what is a marketing sort of aspect of this all, your gbtc product versus the current products on the market, the futures etfs, the futures products is it that if you buy gbtc here you're getting a discount to bitcoin and that eventually that premium will close and you ge

we at the s.e.c.rowly focused on disclosure and investor protection and capital formation on the other side, firns sy of the market in the middle this is bringing consistency to what's happening already we had a first environmental disclosures in 1970s we have a climate risk guidance for 2010 this is bringing upon that and bring consistency in this one area this is so investors can better informed, more consistently informed and companies get the bene ben benefit of consistently having that conversation. this is not about with all respect with what people said a broader bit about climate policy it's about disclosure and time tested rules around disclosure. >> to that point including scope 3 emissions is somewhat controversial because they can be difficult to determine. anything involved in the process of getting the products and delivering to consumers and sounds like confusion over who is required to disclose and legal follow up on the disclosure and to give the best effort guess at what they might b

the s.e.c., a bulk rated by the cftc. the swaps market, which this committee knows well, when dodd frank was passed we had to create a line between traditional swaps and securities based swaps. we have a great relationship. i don't think this is different. it would require hard thinking, novel questions, legal implication, but i certainly think we could end up in a place where both regulators, both agencies have jurisdiction over cash markets, us the cftc having it over commodities. the s.e.c. having jurisdiction over securities. >> so cftc, s.e.c., treasury should all be regulating cryptocurrency in different ways as they do in other financial markets? >> from a markets perspective, the only market regulators we have within the federal government are the cftc and the s.e.c. i would clearly say those would be the two market regulators over digital asset markets. but, naturally, given the vast number of issues, whether it is illicit activity, national security issues, trade, and any number of iss

the s.e.c. have faced. there are futures regulated by the s.e.c. the swaps market, which this committee knows well. when dodd-frank was passed, we had to create a line between security-based swaps. we have a great relationship. i don't think this is any different would require a lot of hard thinking, legal implications, but i certainly think we can end up in a place where both regulators, both agencies have jurisdiction over cash markets. us having it over commodities. the s.e.c. having jurisdiction over securities. >> so cftc, s.e.c., treasury should all be regulating in different ways. >> so from a markets perspective, the only market regulators we have within the federal government are the futures trading commission and the securities and exchange commission. i would very clearly say those would be the only two market regultors over digital asset markets. but naturally given the vast number of issues, whether it's elicit activity, trade, any number of issues that will emerge if this technolog

s.e.c.s to estimate emissions. could there already be loopholes? after this hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life. can a company help you live a better life? we're talking about the one in your neighborhood, with almost 2 million people helping you live a little better every day. we see your hopes and dreams, it's why we show up day after day. to keep you healthy, to help you put a better meal on the table. so, can a company help you live a better life? we're working on it, every day. >>> welcome back, everybody. s.e.c. this week pushing for rules to make public companies report more information on how they aff

and the s.e.c.so respond to requests for greater clarity from corporates themselves. the idea is that if climate change is going to have a significant impact on a company's future earnings, then investors should have the clarity and the information as early as possible, before making their investment. but it is controversial. with critics suggesting that the package from the s.e.c. may in fact be a way to jump start the biden administration's environmental agenda. and they would argue that this kind of policy setting should come from lawmakers, not the s.e.c. now, it enters its 60-day comment period where investors and businesses can comments on it. so it's not necessarily a done deal. but expect to hear a lot more about this in the days ahead. >> please keep an eye on that for us. one more, a little different but important. david beckham the soccer star handed over control of his instagram account with tens of millions of followers and the government had banned the social media site under a new ext

the s.e.c. has warnings. new rules targeting spacs.nd bidding falling. >> carl, we begin with a key day for the small growing unionization, one at an alabama warehouse and another. workers at the alabama location voting for a second time this is a do-over at they found that amazon interfered that was rejected. the return this time, it's lower. 39% versus 55% last week voting at staten island is finished counting will begin this afternoon. there's a third place. so what began as one small movement has now gained traction and we've seen iunionization they have to mobilize thousands of workers at each warehouse jon, the main take away we've been talking about for over a year are growing eventually that could threaten that ruthless efficiency that amazon has built up over the last few decades. >> we're going to see if they're growing. i don't know if they're growing. the turnout last time in bessemer was strong, but the unions got trounced. so, yeah, the unions are trying. they could get trounced. it's just not working and they're trying t

step too far to require that disclosure or do you spoerpt it >> we have a good relationship with the s.e.c i personally look forward to working with the commission and with our issuers and market participants there will be a two-month comment peerrperiod, at least to months that's what's great about our markets. we get the opportunity to hear from different people and different viewpoints i'm pretty sure we'll hear from different people on this subject as well. >> do you worry that a rules-based approach like this could dissuade companies from going public and increase their costs? >> you know, i think we have to see how this process works out again, i think that's the whole purpose of having a public comment period, is to weigh the pros and cons. and as a former regulator, i always welcome collaboration and getting insights from those who would be affected. so i am really excited about the process that it will work. and i'm sure we'll get all kinds of input from the investing public as well >> the other thing i wanted to ask you, i notice the russian stock market, the exchange opened toda

internet names and absolutely the opposite effect going on right now. >> it is the opposite if the s.e.cows through with the 200-plus names and why you see more of a trend of the chinese firms with a dual listing in hong kong to reduce the exposure in the united states there's word to talk through this this is a massive market and potentially a lot lost if the firms are not listed here. >> absolutely. thank you, kristina partsinevelos. >>> now the cnbc news update >> press secretary jen psaki acknowledging theist ban on russian oil will send costs higher but believes it will be temporary. >>> mitch mcconnell is accusing the democrats of inventing laugh out loud revisionist history to blame putin for higher prices when he said the war on energy is pushing prices up for months. >>> remember a florida state -- a speeding allegedly drunk driver going the wrong way and heading to hundreds of people in a 10k race today that trooper said in 26 years she never had to risk her life to save others. >> every day since it happened i think about it you go through the what ifs. i was the last officer

. >>> the s.e.c. charging three engineers at twilio. and family members and well the s.e.c. says employees accessed financial information from the database and shared with others who executed trades before the quarterly results. >>> dairy queen is beefing up the burger offering. the chain which has been owned by berkshire hathaway is rolling out five new flavors in the u.s. as part of the burger line the biggest expansion in two decades. >>> shares of dave & buster's is dropping after missing the fourth quarter results the company saw strong sales across stores in fiscal 2021 that's the latest. brian, back to you >> frank holland thank you very much. >>> now let's get more on the conflict in ukraine. russian and ukrainian officials are meeting in turkey for another round of peace talks one ukrainian reporter saying the talks did not begin with a handshake. the turkish president erdogan and roman abramovich in attendance this comes as the troops continue to hold back russian forces outside kyiv and follow president biden's comments yeste

they're meeting as we speak getting ready for a vote but in a statement s.e.c.irman gary against ler said this would provide investors with consistent, comparable and decision-useful information for making their investment decisions. and would provide consistent and clear reporting obligations for issuers. now companies would have to disclose their climate-related risks and how those risks would impact the business strategy and outlook. that includes weather events and governments, climate related risks and risk mlgt processes. they would have to disclose own direct and indirect greenhouse gas emissions, those are known as scopes 1 and 2. some companies would have to disclose scope 3, which are emissions from supply chain and c clients only part of a broader goal like being net 0 by 2050. they would also have disclose internal carbon price if they use one and information act how that price is set. also information about climate-related targets and goals and transition plans, if any. now, there would be phase-in periods starting in fiscal year 2024 as of now, jus

the s.e.c.arties failed to properly report payments for opposition research and the production of the dossier, instead labeling the payments legal services. former president trump now asking where do i get my reputation back. dagen mcdowell, i mean, $8,000 fine, really, this is obviously not much in terms of accountability after four years of debate in this country, fights, division, because of the steele dossier and the russia collusion lie. dagen: it's a joke. it's $118,000 combined. no, excuse me, $113,000 combined. 8 grand from the clinton campaign when clinton and her cronies and the dnc paid a million dollars for the steele dossier. combined -- well, to perkins kouey, the law firm behind all of this and they actually had the audacity to say the money had gone toward legal advice and services, so this is just a whole lot of nothing and let's just -- as you you were pointing out, this was a dossier full of lies that the fbi used to spy on a member of the trump campaign, leading up to the ele

that's all according to the s.e.c.aperwork we found today. >> we heard sergio talking about it and saw it live on tv, in fact, with committee can see it fact, we can see it in the video, the electrifiction of the -- tracks what are they doing? >> they're installing the overhead wires, called a cat nary system part of $714 million to electrify this section of rails from san jose to san francisco. bal for beatty is part of the electrifiction project, 69 $7 million -- $697 million contract with caltrans, it's the largest sing. contract that this company has ever secured here in the united states. >> okay. as far as we know thankfully there are no major injuries right now. >> right. >> does is this impact this project or are we back to work next week? >> well, it sure does, soon as they, a, identify exactly what happened, this break down in communication and soon as they get the trucks, if there's two of them, if there's one under the train that's going to be a large task, they got to lift the engine and car to get the veh

. >> according to very credible sources, he will not coach usfl the s.e.c. said to give golden six year deal worth $18 million, the don's won 24 games this season, the most since 1982 and made the tournament for the first time in 24 years. 102-year-old san francisco native sister jane, team chaplain against ohio state in white. the pros not answered for the ramblers. the buckeyes won 54-41, they play villanova on sunday. >>> charles barkley, he felt like dancing. the school, auburn tigers, in white against jackson state, freshman jabari smith knows how to follow his shot, he scored 20. 14 rebounds, auburn eliminated jacksonville state, final, 80- 61. we will have those stories plus quarterback deshaun watson development, and more coming up on the late show later on tonight. >> impressive highlights. >>> estimated 45 million americans will bet more than $3 billion in total on march madness. right now, that is not legal in california. richard allen reports come november, we could be voting on whether to change that. >> reporter: california appears open to the

what are we seeing kweb, and s.e.c. wants many of these u.s.hinese listed firms to provide audits backing up financial statements they don't dough so within the next three years are delisted. maybe can work through that. second risk, the fact gdp growth in china slowing down. fully priced into these stocks zero covid policy. point lthree. could see further sell-off tech lumped in in these chinese stocks and concerns penal say, it's not true, but united states told nato china was willing to provide economic military aid, western sanctions. could be a big question mark could hurt the sector as a whole. still a lot ofrisks for this group despite china. >> moving forward. >> got it. thank you. >>> stocks broadly rallying here nasdaq up 3.5% almost into the close. and bring in a senior market global strategist. what did you take away from the fed? scott? think average and happy as the markets seem to be >> tell you, sara. you used the perfect word "soothing. i thought jay powell did a good job. in the past from time to time he's said a few things pr

the s.e.c.w rules and regulations on special purpose acquisition companies or spacs later today, expected to include legal liability for those advancing spacs, this comes days after the s.e.c. proposed new rules for all public companies related to climate change. that included emissionses disclosures from the companies, suppliers, affiliates and the customers who use the product. coming up, former s.e.c. commissioner harvey pitt will join me live to discuss the impact of all of these new rules from the s.e.c. meanwhile, national security and the president's mistakes, the white house is now once again trying to pull back the president's comments, this time after he told u.s. soldiers that they would soon be in ukraine. biden then claimed he meant u.s. troops are helping ukrainian troops in poland but officials not so sure. >> i was talking to the troops, we're talking about helping train the troops in-the ukrainian troops that are in poland. that's what the context. i sat there with those guys fo

. >> after these lengthy depositions with elizabeth and other people on the inside, the s.e.c.'o settle the case and pay a $500,000 fine. >> elizabeth settles the s.e.c. case with no admission of wrongdoing. >> it didn't seem like a big enough fine to me. >> she got off with a slap on the wrist, but the story's not over yet. >> theranos founder elizabeth holmes has been indicted on federal wire fraud charges. >> quite a dramatic fall from grace for her and her company. >> experts say she could face significant prison time. >> really there's no getting out of this one for holmes. >> i want to see her in an orange jumpsuit with a black turtleneck. oh, i just think that would be perfect. lothes that just don't smell clean? what if your clothes could stay fresh for weeks? now they can. downy unstopables in-wash scent boosters keep your laundry smelling fresh waaaay longer than detergent alone. pour a cap of downy unstopables into your washing machine before each load. and enjoy fresher smelling laundry. if you want laundry to smell fresh for weeks make sure you have downy unstopable

the s.e.c. has

i would recommend people go to sec.gov and look at what the s.e.c. g goes on in after hours trading. >> as we go to break, take a look at the bond report. we will get some fed speak today and a little e codata ten-year this morning right around 2.4 apple joining tesla going green for the year riding 11 straight daily gains. we're back in just a moment. >>> the bond report is brought to you by pimco, a global leader in active ukraine headlines. travel and leisure are going to help lead you. boeing and disney the top performing dow components. and you see airbnb and booking holdings number two and three. we will take a short break dow's up 313 thing on my mind. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. voya helps me feel like i got it all under control. voya. well planned. well invested. well protected. alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hyp

. >> we will have more with s.e.c. chair jay clayton. i'm back thinking why didn't i buy calls on activision. did you do work? >> it would be a good trade. >> i'm hearing weird things. i'm hearing some people out there may have known some things >> the thing i would say having heard from a few people is if you look at the situation, it probably is not a surprise to think something was going to happen >> loose lips sink ships i heard it was actually being b bandied about. possibly something afoot >> really? >> about this transaction? >> it would be crazy to act on it what if it was inn uendo? it did come from somebody who did know something. >> here is the conundrum if you thought there was a transaction in place that was three or five days away, you would not go through with it >> because you would get caught. you would say there's no way i'm that stupid. >> and barry diller's life and why do it at all >> for $60 million divide it up >> it is more interesting to me and most people appreciate a lot of the guys are trading and investing in

it comes after the s.e.c. delisted if they don't produce audits of the. >>> it is time for the most random stat of the day the rbi. today, let's get random on housing. this is one of the most amazing and maybe scary things you will hear all week. that is not just tv hyperbole. if you think the price of housing is going up, you are right. the latest numbers show the price ofly built home is now more than $500,000 a new house, not used or existing home. bonkers at the peak of the market before the housing bubble burst in 2007, a new house would cost $330,000 across america. after the crash, that fell to a median price of $250,000 if you go further back, we begin in 2000 with the price of just about $200,000 for a shiny new home so the price of 22 years, the price of the newly built house jumped 155%. compare it to the price of a new car. they have gone up 95% in the same 22 years. in other words, homes are crushing the rising prices of cars i guess is easy when are tr interest rates on low and money nearly free.

will have to follow suit the s.e.c. in december had identified a total of 273 companies that were as risk. this is a long battle where the u.s. has been wanting to see the books of the chinese companies listed in the u.s. china, though, bars foreign inspections of local accounting firms. the chinese regulator said it was confident some agreement could be reached did not necessarily calm investors down in the united states today, on its social media account, the csrc said it made positive progress with the u.s. counterparts what boosted sentiment is the media report that talks were moving relatively smoothly and a consensus would be reached soon. sentiment, though, pretty fragile for a couple of reasons. one, we had news on didi global. reports now that didi has to suspend or already deciding to suspend the hong kong plan because it did not meet the demands for the cybersecurity review then also the fact that norway's sovereign wealth fund was excluding the sportswear company from china it raised concerns that foreign in

the stock sky rocketed the s.e.c. said the scheme netted the group more than $1 million of profits >>> and the justice department endorsed for large digital platforms from amazon and google from favoring their products over consumers this is the first major time of support for legislation that the biden administration would have in a letter to the senate judiciary committee. it views the rise of the platforms as a threat to open markets and competition. amazon, google and others make it harder to offer popular ser services they argue it is fair for them to profit from the popularity of their creations. >> i get that argument >> i get that rgument. i always had a very unpopular view i think in certain cases, you want these apps. not just app, but the ecosystem to work together it works best when there is one operator doing it. i get what it means for competition. it's a hard one. >>> we have more coming up tech stocks up 5% from the month of march despite rising interest rates. what is working for that sector? we talk

stocks it is a nightmare for the shorts and especially during that period is there anything for the s.e.cto think through on the ramifications or the way they can band together to have access to the big moves that you could only an accredited investor? >> there's a lot to unpack in there. so the one great insight, the people who initiated this gamestop frenzy had is there's something that smells wrong to short more of a stock than shares outstanding that does not pass the smell test even if there are ways to be technically legal and okay. it doesn't pass the smell test people noticed that and correctly pointed out, you know, if we banded together we could do something that's a great insight i think they will look at disclosure of short sales out there and to come out of that. something that gunjan was saying about etfs i want to see the 22 million robinhood users many involved in this gamestop and stay here in the market and not think this is a lot of baloney we want the young investors in and enthusiasm of them and want them to stay and be wiser. they're welcome here they're welcome to s

s.e.c. filing -- let's start with this story. peloton's founder and former ceo john foley sold $150 million of shares in the company to an investment firm backed by michael dell foley owns a big enough stake to maintain control of peloton. >>> tesla's ceo elon musk will not stop the united auto workers from a vote at the ev company. he opposed a move. musk wrote, our real challenge is bay area has negative unemployment if we don't treat and compensate our awesome people well, they have many other offers and will just leave in other tesla news, the company reportedly won final approval from german authorities for the factor outside of berlin official announcement is set for tomorrow >>> and chamath palihapitiya sued over his virgin sale. he sold $10 million shares for $315 million the lawsuit alleges that richard branson made $301 million by selling his shares while the stock price was, ago tccording the complaint, artificially inf inflated >>> the attorney general is investigating tiktok on the physical and mental health of teens

the s.e.c. put out a list of chinese companies and they say failed to adhere to the u.s.ounting standards grounds that could lead to a de-listing >>> apple ceo tim cook raising concerns over lgbt laws in the u.s. focused on younger americans and those so-called don't say gay laws in a tweet, cook says a proud member of the lgbtq plus community. i'm concerned about laws enacted across the country particularly those focused on the youth i stand with them and the families and loved ones and allies who support them. cook's comment comes the same week florida lawmakers passed a republican backed bill on sexual orientation for students. >>> and singer turned fashion mogul rihanna is working with advisers on an ipo to value her fenty company at $3 billion or more savage is working with goldman sachs and morgan stanley on the deal that would be a must-see ipo can you imagine the lines and there is a huge bake-off between the nyse and the nasdaq for that one. >> you said bake-off i was thinking of baking and pastry and croissants. think of the singers and actors. they leverage fam

james clayton came out with a great solution of the co-audit, the former s.e.c. chair.two sides just have to sit down and hammer it out >> well, at least brendan, while you have been on air, things have rebounded a bit alibaba is barely down you have that going for you. >> we'll take it >> appreciate your time. thank you both >> as we head to break, the pullback in alternative energy continues, including ev makers like rivian, neo just turning positive fuel cell stocks like sunrun, bloom energy, and plug power also under pressure. we have a quick break and then rahtheonhetrt"awk t see stig aad d organization depends on different networks, different devices and different ways of working. so how do you manage to keep everything together? cdw can orchestrate a cisco sase solution or secure access service edge. converging security and frictionless connectivity in one cloud based approach. so your dispersed team feels closer to home. for a unified hybrid workforce, trust cisco and it orchestration by cdw. people who get it. >>> now for our etf spotlight, today taking a look

the doj and s.e.c. want to know if any of the men acted on nonpublic information.ylan said he was contacted by regulators, but, quote, it was simply a lucky bet we acted on no information by anyone it's just one of those coincidences, frank. >> thanks for those money movers. >> you've got it. >>> the new energy shaping up for the biggest buyer of russian crude. eunice yoon joins us hey, eunice. >> hi, frank they criticized u.s. and the uk oil ban, stressing china would continue to have normal trade with russia including on oil and gas. the ongoing legislative council -- session has been focusing a lot on how china really needs to protect its energy security. and so in terms of the actual prices, refined oil prices have hit a ten-year high with wholesale gas prices up 30% this year, diesel up nearly 16% that's even with government controls the higher prices are pushing up producer prices even though it factored inflation that did ease in february. with all that in mind, china as the world's largest oil importer has been trying to make sure it has enough supply. a ch

. >> we'll start with tesla, in this s.e.c. filing, the company discloses it will ask shareholders to vote to authorize additional shares in order to enable a split. it comes almost two years after tesla enacted that 5 for 1 whispers, jim, of dividend motivations here what do we think >> well, look, i think we're all trying to figure out and engage the level of excitement about the market and whether it's been quelled, whether there's still people buy on dip. whether there's a lot of detail, talk about the apes in retail. this shows me perhaps there's too much enthusiasm versus what we're seeing from the mike k wilsons of the world saying bonds are sending the wrong message. i don't want to see tesla go up on split obviously i want to see it go up on production, and yet the shanghai news indicates that pruks may be down in china so david, you get the enthusiasm about the split but not a ramp up in production maybe the split is not as significant as the production. >> and that production coming as a result of locktdowns in shang

. >> there's new s.e.c. rule every company particularly gas going to put climate disclosures in quarterly reports so a lot more happening under the hood of washington still everybody here still like the names. tapping out. boom >>> coming up, chip rip, semiconductors breaking out, what name to run if any, that's next. plus apparently gains don't fall far from the tree. that's another hint to our mystery stock. the name with the great big old run in the past week if you can't get that chart i got nothing for you. we're going to reveal it coming up, stick around thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in f

had to file the fourth quarter financials with the s.e.c. in the process of occurring right now. we're ready. we just want to make sure we're doing it with the appropriate market conditions to drive that shareholder value and as i said, move as expeditiously as we can. we're getting ready and we're ready to cross that threshold. >> our shareholders are ready. thank you for coming on the show, the chairman and ceo of bausch health companies. great to see you thank you for coming on. >> thank you, jim. have a great day >> "mad money" is back after the break. >> just chill out. >> chill master jay. >> the chill man is in the house. >> the lightning round is coming up when "mad money" returns hancock, you sign first. no king? gentlemen have you taken leave of your senses. who... who are you going to bow to? no more genuflecting? the people shall have the right to vote. even the stupid ones? yes! stupid people vote? yes! arghh! ♪♪ franklin! hey, i left my cane in there. what? what do you mean? hey! that's an expensive cane. so, who's it going to

. >> i want to hit chinese tech stocks sinking again today after the s.e.c.growing list of chinese firms that could get kicked off american stock exchanges unless they update their auditing practices it's been a weak week. the k web etf down more than 20% since the start of january with us, ruchir sharma, focuses on emerging markets. chinese stocks are among the world's worst performers during the first quarter of the year, despite the fact china has been in there, trying to ease policy. what is the growth story right now? >> exactly i think what you're pointing to suggests to me this may bemean e authorities, they try to boost the economy through liquidity measures and you just don't get the bang for the buck anymore. that's a risk i see in china and you spoke about the tech sector and the delisting issues there, but there are much greater issues in the property sector a story i think which had not been sufficiently paid taattento to out there is many property companies china are not able to report their results even. so the deadline for reporting these resu

wild cats capped a 10-game win streak with a takedown of top ranked south carolina from the first s.e.c. right now, the first time in women's history to beat the top three seeds on the way to the title. >>> the fourth-ranked duke blue devils are not only expected to compete for a national title when the men's title kicks off later this month, they will seek to provide retiring hall of fame coach mike krzyzewski, a more fitting sendoff than the loss to rival north carolina in the final home game on saturday. >> this is not part of the program, this is impromptu. i'm sorry about this afternoon. that, no, please, no, please, everyone, be quiet, let me just say. it's unacceptable. today was unacceptable. but the season history, very acceptable. and i'll tell you, the season isn't over. >> a lot of sports fans who would not, were not so unhappy to see that. >>> and the competitors for the men's and women's ncaa tournaments will be revealed this coming season. >>> official negotiations to end baseball's lockout resumed yesterday. and there's still no signs the sides are any closer to reaching

i'm an s.e.c. guy. you don't beat kentucky.n it's always full of kentucky and there are 50 of you. what was that like >> it was -- it was amazing. it was amazing being there, amazing seeing those kids play as a team. >> you were describing the environment, them and y'all. >> so you're looking at -- if the stadium holds 18,000, there was probably 17,915 kentuckyersy fans in the stadium. so whe fans and about 50 jersey city fans in the stadium. so when the place got rocking, it was rocking it was deafening we don't have a band they have a band we didn't have cheerleaders at the first game they have cheerleaders and these kids, young men, pulled it together and did something that nobody thought they could do except for governor murphy. >> and their coach makes more than your whole athletic budget. so tomorrow you're going to drive down to philly, about an hour and a half or so drive, watch the game what are you expecting where are you going to sit >> tickets haven't been released yet so i don't know where i'm sitting. >> better be

market is overreacting there to what is a relatively minor warning for the five companies with the s.e.cchinese stocks like you say is just representative of the change in sentiment towards china as they continue to support russia. maria: yeah, we'll see. i mean, we'll see what this administration does. we've been pointing the spotlight on this issue for some time. i guess, keith, i really want to understand better the exposure of american companies in russia because i don't know if there's a potential land mine here for the major banks. jp morgan chase and goldman sachs said yesterday they're going to be unwinding their business in russia, following the deadly attacks on ukraine. citigroup of course is assessing its future presence in russia as well. all of these companies have pretty sizable businesses there. your take on what this means for the major banks and whether or not we are going to get a surprise in terms of losses associated with this unwind. what do you think? >> you know, that's an interesting question. i'm going to tackle it in reverse. i think the possibility of losses i

this is according to s.e.c. filings. some terrific reporting. program. he sold most of those shares at prices over $300 a share that stock trading now at about 166 bucks a share -- 1612 now. he sold -- in addition to that he sold $170 million of stock through an llc called ocha that he controlled is his children's trust fund and a biotech company, he sold an additional $80 million. it's only 13% of his total holdings so he still has a lot more stock. that's according to open insider, moderna pointing out his stock selling program was launched way back in 2018. his first shares were in november of 2019 so all of that was before the pandemic, the company is saying the plan was amended last may to reflect his charitable giving. bancel still has around 25.1 million shares this is just going to add fuel to the already fiery debate how much profits both personal and corporate have been made from these vaccines. >> yeah. although, again, to be fair, a lot of this was off the 10 b 5 or part of a planned program of selling, correct >> yeah. and a plan, a

the s.e.c. guidance on crypto getting a lit more granular.u would have thought. >> i would have said sure, let's hope for the best. and even i with the frame, i was very pleasantly surprised. i think it is impossible at this point in time after the ceo to have a black and white conversation about the space any more everyone now understands that there is a lot of nuance, it is complicated, we have to be very th thoughtful and create a consistent framework for the industry to build but also making sure that we're protecting innovation going forward for future generations so i'm thrilled by what is happening here but would i have predicted it, probably not >> well sheila warren, thank you for joining us today. >> thanks so much. >>> let's get a check on the market this is morning as the dow is trying to shave some losses down to 19 points on the downside, still holding on to 4621 crude inventories did come in and they did fall more than expected down 3.5 million barrels we we are looking for 1.5 million decline. see how that effects the indices

so the kentucky women win their first s.e.c.outh carolina number one. down by 15. they come back to win like that. whoo! we don't even have to wait for march -- march madness is upon us. >> i love this month. >>> coming up, what has dolly parton and james patterson teaming up? they're both live in our next hour, so come on back. teaming up? they're both live in our next hour. come on back. ♪ oh, oh, oh, ozempic®! ♪ ♪ oh, oh, oh ♪ ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12 pounds. in adults also with known heart disease, ozempic® lowers the risk of major cardiovascular events such as heart attack, stroke, or death. ozempic® helped me get back in my type 2 diabetes zone. ozempic® isn't for people with type 1 diabetes. dot takeze®f or your family everadyrd cancer, omp a get cahe r a serious side effects may include pancreatitis. tell your provider about vision problems or changes. taking ozempic® with a sulfonylure

concern of the delisting process that is beginning, holding foreigncompanies accountable that's the s.e.c. act, but it did have the effect of chilling investors, and perhaps starting to just get some of them to say i've had enough. then you mentioned the other one, which is if the chinese as the u.s. seems to be indicating, this is base ond reports from "the wall street journal", "the washington post," others, the chinese have been asked by the russians to potentially provide arms, which if in fact were the case, we might have to move into a sanctions protocol with the chinese. all three of those are having an impact on the chinese market, and that last one would have a chilling impact broadly speaking. >> the reason i don't believe this is because, remember, they're using artillery. look, i'm no -- i kind of am a military -- i've written a lot about the military, and the russians use artillery because that saves lives you can't fight -- there's 285,000 -- >> soldiers lives. >> there's 285,000 buildings in kyiv you want to like go house to house. there were 10% of those in fallujah, and t

you have the s.e.c.t he said to me, gensler, coinbase ought to talk about the practices. i don't know whether they have done that. but i doknow that i don't want to go against in this particular case, go against gensler, against -- and there are times i don't think jim is right but this was well thought out. >> the argument, especially when we got that executive order a couple weeks ago, the industry tried to avoid throwing bombs. but coinbase has been one of the more aggressive players. >> yeah, you know, i have always learned that the commission wins in the end don't try to move the commission go within -- with gensler. i am surprised because they have a terrific warrior there at the top. but you just -- you go against gensler at your own per. he is in charge. >> yeah, he is the commissioner. >>> we're down negative territory on the s&p bostick continues to speak, says the fed should get moving quickly in his words on the balance sheet. we will watch that with other fed headlines all week long. we are

companies and their chinese auditors from complying with requests from foreign regulators, aka, the s.e.c guys >> thank you for the update on those chinese tech stocks. >> still to come, former fed vice chair roger ferguson shares his thoughts on what the central bank should be doing next week and saying and the growing fears of stagflation. a check for you on bonds yields are higher again today. the ten-year briefly moving back above 2% first time since february we have seen that the 30-year making news today as well, with that yield moving up to the highest since last may. the level there we saw a little earlier, just off the highs. we'll be right back here on "closing bell. (vo) some bonds last a lifetime. some bonds inspire confidence, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you. pimco, a global leader in active fixed income. >>> 30 minutes left of trading let's che

. >> yes like jay clayton's piece, the s.e.c. climate overreach there's two sides to this one. up, yemen's houthi rebels unlyric one of their most intensemy aisle drone strikes on saudi arabia's area, temporarily shutting oil production. no one died in the bombing and another base attack was thwarted nasser said it had no impact on the oil price, but all prices are up today. >>> goll', we're going to go to this energy operation warp-speed. it's the name our next guest has given. he's looking at a russian-free energy future. joining us now, louisiana senator bill cassidy i expect we might hear of a little bit different view on some of these issues >> by the way, there's a lot of commonality between what we might say. there will be a transition but iea estimates there will be increased use of oil and natural gas worldwide through 2050 now, if you're speak of a transition where in 25 years you don't need oil and gas, you don't know how to make plastic you're not aware many folks around the world will not have access go the critical minerals. but on the other hand, the point made i

the s.e.c. response to elon musk to get out the fraud lawsuit is due today. story. >> gene? >> gordon is correct there are two factories that are producing teslas, but two coming on in the next -- one today and another one. it will force the overall point that tesla has less factories. i want to focus in on the piece on market share. this is something gordon and i have debated in the past tesla shares are going down. no doubt it will decline. there have been some contours that suggest there is a stabilization or reversal of that if you look at the german market and in the month of february, they basically have a country where you can look at rest administrations. the top two vehicles were model y and model 3. the third vehicle was the fiat 500. i would recommend googling the fiat 500 versus the model 3. it was a distant third this concept that there is a deterioration -- again, market share will go down somehow rapidly declining and the european consumers are turning away from tesla doesn't capture what is going on i think that a third of the business will co

we reported this yesterday before the s.e.c. came out and did it and in fact they did it yesterday but i've got to get your take on the border as well because i spoke with one of my border sources yesterday. he sent me this video from a border related incident that took place along the border involving a suspected cartel member pointing an ak-47 at our texas border patrol helicopter. look at this. a deadly gun fight breaks out between cartel members and the mexican military, five sus peblghtsz were reportedly -- suspects were reportedly killed and we see the cartel member pointing they this ak-47 gun at the border patrol helicopter, the texas department of public safety is what he's pointing his ak-47 at. i reported a couple months ago there was a major merger, the larger cartel absorbing the gulf cartel and i said it would get much more dangerous because they've got this kind of equipment, ak-47s. 47s. joe biden is still not acknowledging the border. >> it could be the worst catastrophe of this administration. it goes from a to

is stopping them and under assault from the s.e.c. and not to make loans to oil companies. >> sandra: and you get pretty much into the weeds in the oil business, but one of my sources also explained to me, and had my brain room dig this up last night, under the trump administration, while you were there larry, far less leases untapped. 5,000 plus range. the reason why the numbers went up to 9,000 is because there was a russia to get leases for fear of administration launching war on fossil fuels. and that's why the number is so big. >> that's a good point, i like that point. historically even larger numbers of leases. but you know, they have to look -- when they take a lease out on land, whether it's federal or private, first of all, see if there is any oil and gas in it. >> amen. >> and second of all, unfortunately they have to get permits from the authorities, so that's the e.p.a., interior department, energy department. not a single sale on shore or off shore has happened in biden administration, not one single sale. interior was g

your thoughts on these new proposals coming out of the s.e.c.climate agenda. >> well, clearly it's an additional burden on companies in terms of regulatory reporting and we have seen the biden administration use every single regulatory agency including attempting to use the fed to defund fossil fuel and to promote an activist agenda that requires companies to really walk away. if you're looking at the three scope agenda it's really to try to get companies to move away from any use of fossil fuel and to track their employees, their suppliers and their employees in their activities day-to-day. so it's an unprecedented intrusion of really the regulatory state on americans' lives, on american business and costs are going up. it's just to multiply the dramatic effects that we're seeing of inflation and we're not done seeing it because of the regulatory costs and burdens. maria: yeah. as we face the potential burden of a recession on the horizon as well. senator, it's good to see you. thanks very much for weighing in on all of that. kelly loeffler joi

s.e.c. adding chinese social media platform weibu to the list of chinese stocks delisted in the united states andrew >>> some stocks to watch this morning. our favorite stock, joe. bed bath & beyond. the deal could include three new directors. pointed to the board disclosed a 9% stake in the company calling for change including looking at options for the buy-buy baby division. we have not talked about that division >> i know buy-buy baby >> it's been a while for me. >> that's where ryan cohen thinks the opportunity is. it is not just having more people come in and look at the vaporizers and check out the brita filters and the like. >> i have been -- i shouldn't admit this >> you were just there you can't get away from it >> i wasn't just there i have been there a couple of times when the keurig machine. i don't know how to clean the machine. you can clean with vinegar >> you throw it out? >> if you bring it back, they replace it with a little bit of a fee. you have been renting it and or lea

. >> for the s.e.c. >> i know. >> normal companies that have nothing to do with energy are going to haveo figure out what their supply chain uses. no, it's not going to to happen. we will discuss. >> oh, no. >> we'll discuss it all. >>> guys, yesterday, the vix closed at its lowest level since february lower, still low at 24 wti, brent, rbob, they're back up they're back at 111.32%. rbob up one-third of a percentage wheat is higher. they're up again today another 1.6%, just below that all-time level but wheat is up by 45% quickly take a look at lme nickel it's been a crazy story what's happened with lme. they're talking about swinging up or down 15% on a day for price limits down 10% today, but this has been so interesting to want nickel on the lme closed above -- it closed at $55,000 onmarc 7th. it hilt $55,000, a metric ton. it's now all the way back down to $28,000 and change a ton. that has been crazy to watch, not just because of the closures and watching it down pretty continuously, but also the idea they nixed a lot of the trades cut those trades there's some pretty angry people w